Q2 2026 Canara Bank Ltd Earnings Call Transcript
Key Points
- Canara Bank (BOM:532483) reported a year-on-year growth of 13.55% in global business, reaching INR26,78,963 crores.
- The bank's operating profit increased by 12.20% year-on-year, reaching an all-time high of INR 8,588 crores.
- Net profit saw a significant increase of 18.93% year-on-year, amounting to INR4,774 crores.
- Gross NPA and Net NPA have decreased to 2.35% and 0.54% respectively, indicating improved asset quality.
- Retail credit grew by 29.11%, with housing loans and vehicle loans increasing by 15.25% and 25.58% respectively.
- The bank's CASA ratio remains a challenge, currently at 30.69%, below the target of 32%.
- Net Interest Margin (NIM) has declined from 2.9% to 2.5% over six quarters, with further pressure expected if rate cuts continue.
- The bank faces challenges in maintaining CASA growth in line with the overall balance sheet growth of 14%.
- There is a potential impact on credit costs due to new ECL guidelines, although the bank is preparing for this.
- The bank's CET1 ratio slightly decreased due to significant growth in advances, indicating capital adequacy pressure.
Good evening, everyone. Welcome to Canara Bank Q2 FY26 earnings conference call hosted by Antique Stockbroking. I would like to thank Canara Bank management team for giving us the opportunity to hold this call. From the management side, we have with us Shri Satyanarayana Raju, MD and CEO; Shri Bhavendra Kumar, Executive Director; Shri S.K Majumdar. With this, I hand over the call to MD sir for his opening remarks.
Thank you, and over to you, sir.
Good evening, all the investor community. We are presenting before you the September quarter results, sir. Our global business has year-on-year growth as recorded at 13.55% and stood at INR26,78,963 crores. Our global deposits also have grown at 13.4% year on year, stood at INR15.27 lakh crores. Our global advances have grown at 13.74% year on year and stood at INR11.51 crores.
Our operating profit has increased year on year at 12.20% at INR 8,588 crores all-time high of operating profit. And the net
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